Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
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","iv":"cd050e14ce3bf2ffc6ba18037ac06357","s":"cbd239d96f01fe22"}
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